MARCUS & MILLICHAP BROKERS 147-UNIT APARTMENT SALE

DALLAS — Marcus & Millichap has brokered the sale of Wyndham Court Apartments, a bank-owned apartment community located near the intersection of East Lover’s Lane and Northwest Highway in Dallas. Constructed in 2005, the Class C community contains 147 units. It has undergone significant capital improvements since 2005, with much of the maintenance still not completed as of closing. The buyer, a private, California-based investor, plans to extensively rehab the property. Nick Fluellen of Marcus & Millichap’s Dallas office and Scott Harris of the firm’s Chicago office listed the property on behalf of the seller, Charlotte-based Bank of America. Will Jarnagin and Michael Ware, also of Marcus & Millichap’s Dallas office, represented the buyer. The acquisition price was not disclosed.